As the owner of a small business, you undoubtedly run a tight ship. In order to keep your bottom line in check, you strive to be financially prudent. One way savvy business owners can keep a firm grip on the company's purse strings is to not waste funds on "avoidable" litigation. Such litigation is that which could have been "avoided" if certain preliminary measures had been taken. These measures are akin to playing good defense. By adopting a good defensive strategy, you can potentially save your business potentially thousands of dollars in lengthy litigation and keep your focus on running and expanding your profit margin. Since, as any business owner is keenly aware, time is money, there are a few basic rules that should be a part of any business owner's defensive playbook:
No one starts a business with the goal of losing money. Rather, as a business owner you hope to start turning a profit as soon as you open your doors for business. However, even if your business is doing well financially, there are certain things beyond your control that can drag down profits, such as unpaid invoices. Not only can unpaid invoices make you feel red and angry they also can have you seeing red-as in operating losses. If your unpaid invoices are growing at leaps and bounds, now is the time to speak with an experienced business litigation attorney. A qualified business litigation attorney can help you start seeing more green by helping you evaluate your options and attempt to prevent future problems. The following are a list of things an attorney can do to help your business' bottom line:
Dealing with a business litigation matter can be extremely difficult. However, trying to find the right attorney can present even more of a challenge. In other words, if your company is facing a lawsuit, it is crucial to have an experienced attorney on your side to minimize your losses and protect your corporate interests. With this in mind, there are a number of questions you should ask an attorney when you meet with him or her during your initial consultation. These are as follows:
According to nationwide statistics, approximately half of all business partnerships fail, often resulting in costly litigation matters, huge monetary losses and other serious issues. For those considering the formation of a partnership, these statistics can be rather disappointing and extremely difficult to reconcile. The good news however, is that proper planning can help prevent your partnership from dissolving and having to face damaging commercial lawsuits down the road. Accordingly, the following are a number of tips you should consider before forming your partnership.